Answered: t is the amount earned by the business…

t is the amount earned by the business on the process of selling goods or performing services. a. Expense b. Revenue c. Liability d. Asset

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter4: Additional Income And The Qualified Business Income Deduction

Section: Chapter Questions

Problem 27MCQ

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It is the amount earned by the business on the process of selling goods or performing services.

Expense

Revenue

Liability

Asset

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